Welcome to this months market report, Lake Orion Community Homes – Real Estate Update – September / October 2015. Sales figures for the last 52 days are mixed.
The good news for sellers: average sale prices are up 5% over this time last year, $223,212 vs $212,992.
The good news for buyers: total homes sold in this 52 day period was down 20%, 82 vs 102 in 2014. Homes on the market for sale were at 275, that’s up 24% over this time last year. Days on market until sold was 47 days vs 34 days in 2014.
Buyers should move quickly to take advantage of low interest rates, down payment programs, less homes sold, inventory increasing and homes on the market longer. Sellers should place their homes on the market now, prices are still moving upward, interest rates are still low and buyers are still holding out for “move in ready” homes priced with the market.
The least expensive Lake Orion Community Homes for sale is $74,900 with 2 bedrooms, 1 bath and 882 sq.ft. The most expensive is priced at $799,900 with 4 bedrooms, 3.2 baths and 4460 sq.ft
You can search all properties for sale in and around Lake Orion below.
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Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
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Oxford Office 248-969-8065
Lapeer Office 810-338-0628
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